Income Tax (Earnings and Pensions) Act 2003 section 194

The amount of the notional loan

Section 194 explains how to calculate the initial amount of a notional loan that arises when an employee acquires shares at an undervalue, and how that amount may be reduced over time.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.